Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Objective of Case study..........................................................................................................3 Different type of the Problem faced by the company.............................................................4 CRM and Different type of the CRM.....................................................................................4 Benefit of using CRM in an organization...............................................................................5 Determine that it is good time to invest in information systems development project..........6 Benefits sales force caters hotwire. com over their previous system.....................................7 Considerations are needed in deciding whether to host own system or outsource to vendor8 CONCLUSION...............................................................................................................................9 REFERENCES..............................................................................................................................10 2
INTRODUCTION Customer relationshipmanagement(CRM) isa technologyfor managingallyour company's relationships and interactions with customers and potential customers.This report used to highlights the case study of Hotwire.com. This report highlights the objective of the case study in the market. After that the report highlights the different issue which is faced by the company in the market. After that the report highlights the definition of the CRM and different type of the CRM and which one is better for the organization. In the end the report goes on to explain the different benefit of CRM which will be seen by the organization. MAIN BODY Objective of Case study To introduce sales force CRM system in an organization It is the first objective of case study to manage the different database in the company. As a result organization is looking to introduce the CRM system in the organization. Company is looking to introduce Sales force data base in the organization. It will help the company in managing and building good database to record different data in an organization. Current system of the company is lacking some how in providing the same help in the organization. Building relationship with different business as well as customer It is another objective of the company behind the case study as company is looking to manage the information of different organization and customer of the company in a way in the organization that organization used to help the company in managing good customer relationship as well as B2B relationship in the organization. New system will help the company in synchronizing the different information in better way and helping other interested parties. Improve internal as well as external communication Company at the same time is also looking to manage good communication between different operational branches of the company through out the Globe. There is much different informationfromdifferentbranchestomakedifferentdecisionintheorganization.So organization is looking to build good communication software in the organization to improve the efficiency of the business in a long run. 3
Different type of the Problem faced by the company Going through the case study has helped in evaluating that there are couple of the issue which are faced by the company in the organization. Problem which is faced by the company are as follows: System error: It is the first issue or Problem which is faced by the company. As in the past company was using the spreadsheet as the tool to manage the different data of different branches of the company but it was find out by the company that there were many different bugs which was find out in the system of the company. This was eventually creating the issue of impacting the efficiency of the business. It was creating the issue of wrong decision making in the organization in long run. As it was find out that the issue which is faced by the company in the market is that it was difficult for the company to store the variety of the information in the spreadsheet system of the organization(Santouridis and Veraki, 2017). Selecting best database system: It is another problem which is faced by the company in the market. As it has been highlighted that it is getting difficult for the company in selecting the best data recording system in the organization through which organization can easily manage the different data of the company in better way in the nation. In the first company has thinking of making up of own database in the organization and after that they have decided to go with the CRM. More specifically sales force CRM in the company, so it is indentified that there are many different type of the issue which is faced by the company in the market at the time of selecting the data base of the company in the market through which organization can manage different information of the company in the market. CRM and Different type of the CRM CRMCustomerrelationshipmanagementsoftwareissystemsoftwarethatusedto manages the different type of the company interaction and relationship with current as well as the potential customer of the company(Soltaniand Navimipour, 2016). CRM software generally used to enhances the customer relationship of the business with the help of managing the interaction with the customer and streaming the different process to convert the potential customer and manage the already made customer base of the company in the market. CRM also 4
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help the company in building good customer driven product line or service line of the company in the market. There are many different type of CRM software which can be used in the organization. Some of them are as follows: Monday.com CRM: it is the type of the CRM which is generally used by the company to improve the efficiency of the business in the context of finishing the various deal very efficiently. As this CRM software in the organization used to add a CRM software with the projectmanagementboardofthecompanytomanagethedifferentinterferenceinthe organization. Zoho CRM: It is the type of the CRM software which is generally used by the small business men in the organization. This CRM software in the organization used to automates the variety of the business activity of the business and used to keep a very close eyes on to the sales, customer base and different platform of the company in the market. Sales force CRM:Sales Force CRM is the same CRM as other CRM, as it also used to provide customer relationship management services to the business. At the same it also used to sells the variety of the complementary suit enterprises system in the organization which generallyusedtohelpthecompanyinmarketingautomation,analyticandapplication development in the organization. It also used to safeguard and synchronize the different data of the customer in better way in the organization. After going through the pro and cons of all the CRM software in the organization and studying the need of the CRM software in the organization, it has been analysed that Sales force CRM will be the best for the organization(Greve and Schlüschen, 2018). Reason behind the same is that it used to focus on the customer and also used to provide the data base service to the organization and this is the biggest issue which is being faced by the company in current scenario. So sales force CRM is the best CRM system which can be used in the organization. Benefit of using CRM in an organization There will be variety of the different benefit which will be seen by the company in the market for introducing the CRM into the organization. Some of the benefits are as follows: Informationmanagement:Itisthebiggestbenefitwhichwillbeseenbythe organization in the market , as it has been identified that organization will able to gether the 5
differentinformationinbetterwayintheorganization.AswiththehelpoftheCRM organizationwill find it very easy to manage the different information very easily and synchronizing the same in better way. Product development: With the help of the CRM organization will able to develop the product or service of the company more customer friendly in the organization. As with the help of the CRM in the organization. Company will able to understand the customer need of the company more easily in the organization this will eventually help the company in developing more customer oriented product or services of the company in the market. Communication: It is another benefit which will be brought by the CRM in the organization. As it has been identified that CRM will help the company in providing the platform in the organization where all employee can communicate with each other very easily in the organization. This will eventually help the company in maintaining the good sort of the clarity in the organization. This will eventually help the company in improving the level of the decision making quality in the organization(Rahimi and Kozak, 2017). Determine that it is good time to invest in information systems development project In recent time, due to competitive environment companies face several issues and deal with many challenges that impact on profit margin and productivity. It is very important at that movement to sustain in market and build brand image for longer period which is quite beneficial for business in term of increasing sales and revenue as well. Investment in information system development project is the best decision taken by system engineers. They also determine that it was a good time to invest within it as it helps to plan and create effective information system. Information system development project is the procedure used in systems engineering, software engineeringfortesting,deployingandplanningsystemineffectivemanner(Bataand Richardson, 2018). Investment in information system development project has become very essential for companies or system engineers to improve quality of services. It also helps to achieve set objectives such as to introduce sales from CRM and building relationship with varied business and consumers. System engineers identifies that it was a right time to invest in information systems development projects by analyzing the needs and competitive atmosphere. Engineers gain more benefits from ISD projects when is are stipulated up front & are managed through programme life cycle. For example, they can collect more information about consumer preferencesandsolvetheirqueriesrelatedtoproductsorservices.Informationsystems 6
development project is really very important company as it makes them more profitable and strengthen brand image within specific marketplace. It caters a user with information required to do any work effectively and efficiently in workplace which in return increase profitability than competitors. So it can be said that system engineers will invest in information systems development system after determining competitive and market analysis. Intense competition was a good time to invest and then gain benefits of INSD project. It helps in current and the future business performance as well as practices which is quite beneficial in every term. Benefits sales force caters hotwire. com over their previous system Salesforce is one of the best consumer relationship management solutions that bring firms and its clients together. It is one integrated CRM platform that offers Hotwire.com many benefits as it help management to serve their best rather than before work with previous systems. It cater Hotwire.come several benefits over their earlier systems. One of the main benefits gain by company while using it is information it retrieves both quantity and quality (Patil and Syam, 2018). When workers use Salesforce they can look at every single account, task, opportunity, event and contact that related to lead, which gives organization a lot of data or info before approaching potential target market or consumers. It is really very significant and beneficial for company due to many reasons such as it allows employees easily track all the important information they need to keep clients profiles organized. They can gain all the things need in one convenient location and can look up consumers they want even when management assigned to other representatives. It provide a more effective, complete and holistic approach to managing growing business. Along with above benefit offer by salesforce, it also helps in account planning. With all of consumer info employees need right at their system, and all of reps at firm can make plans for accounts independently. That offers Hotwire hands on method that they need to really make a strong bond with target markets and is also permit its reps change existing plans to achieve better outcomes. Along with that, management also gain benefits as they can create reminders on calendar so workers can tell anyone to follow up with their consumers, upper management or account managers about essential roles as well as accountabilities (Eason, Kirkpatrick and Cartledge, 2019). With account planning options, organizing and managing consumers become much simpler procedure. Time management is another benefit Salesforce caters Hotwire.com 7
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over their existing system. Withconsumersinformationand a effectivenessof planning resources, company naturally obtain advantage of outstanding time management. Employees by using this system get all info needs to prioritize tasks for varied accounts accordant to that similar criteria. Along with that, people can use build in calendar tools to better analyze their schedule for day, week, may be month or year which means individual can regularly keep on ball through all of the stages in nurturing a potential consumers. Salesforce can allow management of Hotwire firm to easily and effectively communicate with other members of team. Chatter feature permit workers talk with groups or individual about work related activities or information like customers and other important details. It lets people add several team members to accounts or chances that need special concentration. This, in turn makes it smoother or more easier for group to schedules and prioritize their tasks so staff can work more finalize and leads more sales. Considerations are needed in deciding whether to host own system or outsource to vendor Salesforce contribute in building strong and effective consumer relations which is beneficial for business growth. Effective planning is one of the most essential consideration that is required in deciding whether to host own system and outsource to vendor such sales force. Planning before hosting system will help to gain better outcomes as gain people attention and satisfied their needs effectively. With this consideration management decide whether to host salesforce or other CRM system. Furthermore, it can be said that expert opinion is another consideration required to decide whether to implement and outsource to vendor that increase profit and sales of company (Bahramshahry and Selvanandan, 2020). By taking opinion and suggestion from expert people who already host their own CRM system Hotwire can take decision in context of same. Another thing that management need to consider is preparing or building strong team by selecting skills and talented applicants who are able to contribute in hosting system and outsourced to salesforce. Its fact that without skilled and knowledgeable workers Hotwire firm cannot be able to get long term success that is important for them. 8
CONCLUSION After going through the report it has been concluded that there are three different objective of the case study. After that report summarized the different problem that is system error and selecting the database of the company which is faced by the organization. After that the report concludes that there are many different type of the CRM software Salesfoce will be the best one to be used in the organization. In the end the report concludes that there are many different benefit of CRM which will be brought in the organization. 9
REFERENCES Books and Journals Bahramshahry, A. and Selvanandan, P., salesforce com Inc, 2020.Systems, methods, and apparatuses for implementing a scheduler and workload manager with cyclical service level target (slt) optimization. U.S. Patent Application 16/528. 617. Bata, S.A. and Richardson, T., 2018. Value of Investment as a Key Driver for Prioritization and Implementation of Healthcare Software.Perspectives in health information management. 15(Winter). Eason, C.C., Kirkpatrick, N. and Cartledge, B., 2019. Business Internship Management Using Salesforce. com.Business Education Innovation Journal.11(1). Patil,A.andSyam,N.,2018.Howdospecializedpersonalincentivesenhancesales performance? The benefits of steady sales growth.Journal of Marketing.82(1). pp.57-73. Rahimi, R. and Kozak, M., 2017. Impact of customer relationship management on customer satisfaction:Thecaseofabudgethotelchain.JournalofTravel&Tourism Marketing.34(1). pp.40-51. Soltani, Z. and Navimipour, N. J., 2016. Customer relationship management mechanisms: A systematic review of the state of the art literature and recommendations for future research.Computers in Human Behavior.61. pp.667-688. Santouridis,I.andVeraki,A.,2017.Customerrelationshipmanagementandcustomer satisfaction: the mediating role of relationship quality.Total Quality Management & Business Excellence,28(9-10), pp.1122-1133. Greve, G. and Schlüschen, A., 2018. From Customer Relationship Management to Influencer Relationship Management. InDiverse Methods in Customer Relationship Marketing and Management(pp. 80-91). IGI Global. 10
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